The Cocoa Association of Asia released their quarterly report on grind numbers for Q4 of 2021, showing a strong end to the year, and reinforcing the message that Asia is an increasingly important market for Cocoa.
The quarter ended up 6.33% over the same quarter in 2020, and the final grind numbers were 5.63% higher in 2021 than the year before.
The growth also correlates with analysts predictions of an increase in Cocoa prices for 2022, in part driven by demand from Asia.